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Gluskin Sheff + Associates Inc. Announces Assets Under Management and Performance Fees

Gluskin Sheff + Associates Inc. Announces Assets Under Management and 
Performance Fees 
TORONTO, July 15, 2013 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company") 
announced today its preliminary estimate of Assets Under Management (AUM) as 
at its fiscal year ended June 30, 2013 and its preliminary unaudited estimate 
of Performance Fees for the six months ended June 30, 2013. 
Assets Under Management as at June 30, 2013 were approximately $6.2 billion 
net of Performance Fees, including approximately $1.9 billion of AUM with a 
June 30 performance year end and approximately $3.8 billion of AUM with a 
December 31 performance year end. The Company estimates that Performance 
Fees earned during the six months ended June 30, 2013 were approximately $11.0 
million. 
The Company expects that, after an allocation to the employee bonus pool and a 
provision for income taxes, the Company's Board of Directors will in due 
course declare a special dividend in respect of these Performance Fees. 
As previously recorded, the Company earned Performance Fees of $33.5 million 
during the six months ended December 31, 2012. A special dividend of $0.65 
per share was paid on March 15, 2013 in respect of these Performance Fees. 
Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's 
pre-eminent wealth management firms serving high net worth private clients and 
institutional investors. Gluskin Sheff offers equity and fixed income 
investment portfolios in addition to being one of the largest managers of 
alternative investments in Canada. The Company's Subordinate Voting Shares are 
listed on the Toronto Stock Exchange under the symbol "GS". For more 
information about the Company, please visit our website at 
www.gluskinsheff.com. 
This press release may contain forward-looking statements relating to Gluskin 
Sheff + Associates Inc.'s business and the environment in which it operates. 
These statements are based on the Company's expectations, estimates, forecasts 
and projections. They are not guarantees of future performance and involve 
risks and uncertainties that are difficult to control or predict. These risks 
and uncertainties are discussed in the Company's regulatory filings available 
on the Company's website at www.gluskinsheff.com or at www.sedar.com. Actual 
outcomes and results may differ materially from those expressed in these 
forward-looking statements. Readers, therefore, should not place undue 
reliance on any such forward-looking statements. Further, a forward-looking 
statement speaks only as of the date on which such statement is made. The 
Company undertakes no obligation to publicly update any such statement or to 
reflect new information or the occurrence of future events or circumstances. 
Non-IFRS Measures 
Included in this press release are certain financial terms (including AUM) 
that the Company utilizes to assess the financial performance of its business 
that are not measures recognized under International Financial Reporting 
Standards (IFRS). These non-IFRS measures do not have any standardized 
meanings prescribed by IFRS and should not be considered alternatives to net 
income or any other measure of performance determined in accordance with IFRS. 
Therefore, these non-IFRS measures are unlikely to be comparable to similar 
measures presented by other issuers. For additional information regarding the 
Company's use of non-IFRS measures, including the calculation of these 
measures, please refer to the "Non-IFRS financial measures" section of the 
Company's Management's Discussion and Analysis and its financial statements 
available on the Company's website and on the SEDAR website located at 
www.sedar.com 
David Morris Chief Financial Officer Gluskin Sheff + Associates Inc. 
Phone:416 681 6036 Fax:416 681 6380 
SOURCE: Gluskin Sheff + Associates Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/July2013/15/c7481.html 
CO: Gluskin Sheff + Associates Inc.
ST: Ontario
NI: FIN ERN  
-0- Jul/15/2013 16:08 GMT